CNX’s Share Buy-Back Program Working – Retired 24% Shares Since 3Q20

CNX Resources CEO Nick DeIuliis is on a mission to reduce the number of outstanding shares of his company's stock by buying back shares. The aim is to return value to shareholders. When a company buys back shares, it reduces the overall number of outstanding shares, which boosts the price for the remaining shares. In effect, DeIuliis is causing share prices to rise, putting money (and profits) into the pockets of shareholders. Since the third quarter of 2020, CNX has repurchased and retired 24% of the company's outstanding shares of stock--one of the four top companies in the S&P 500 to do so.

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